Begg: Ireland cannot pay debts despite revised bailout

The General Secretary of the Irish Congress of Trade Unions David Begg has said Ireland will not be able to pay its debts, even under the terms of the revised bailout deal worked out in Brussels last week.

The General Secretary of the Irish Congress of Trade Unions David Begg has said Ireland will not be able to pay its debts, even under the terms of the revised bailout deal worked out in Brussels last week.

Mr Begg said the programme of austerity being pursued by the Government is "driving down economic growth" and making Ireland's debts "even more unsustainable".

Speaking at the MacGill Summer School in Glenties, the ICTU chief said politicians needed to realise that cutting services and higher taxes "would not generate the revenue needed to pay back debt".

He said that while tough decisions have to be made, they should not involve "further cuts".

more courts articles

DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers
UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules
Former prisoner given indefinite hospital order for killing Irishman in London Former prisoner given indefinite hospital order for killing Irishman in London

More in this section

Micheál Martin to meet Irish troops in Lebanon on Sunday Micheál Martin to meet Irish troops in Lebanon on Sunday
Coronavirus Arrest after reports of man brandishing suspected gun in Belfast
Dramatic bird on a wire rescue enthrals hundreds of shoppers Dramatic bird on a wire rescue enthrals hundreds of shoppers
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited